Member Info for videodawn

When Hess/ Hovensa ran the St Croix refinery, it was configured away from heavy oil product to light oil products with the installation of a Coker Unit to supplement the FCC unit. The idea was to produce low polluting gasoline for the California market from heavy crudes out of Venezuela. Rather than heavy residue, there would be coke residue. Chavez put an an end to all that and the place shut down.

The BP deal is about producing low sulphur marine fuel oil for the 2020 regulations and will come into operation about a year from now. I don't see how there would be heavy liquid residue feedstock for MSAR production if the existing plant is being used. And I don't think QFI have a low sulphur formulation of MSAR. They are relying on a high sulphur/ scrubber route to regulation compliance.

Anyway if QFI want to be in the vanguard of compliance they need something for sale before the end of 2019 to be in the market.

The board were very proud of their subsistence lifestyle in a converted cowshed on the outskirts of Salisbury back in the days of successful exploration and they boasted about it. Presumably they need to be near their Inns of Court barristers now?

The new office is only the penthouse suite after all.

If he does not suggest T20 trades or talk about a Big Pointy Thing , he is not the real deal IMO

I recall that there is an unusual weather problem north of the FI. The prevailing wind and the prevailing swell are often at right angles to each other. That makes life difficult for a ship shaped FPSO which is weathervaning around its riser turret.

The solution was initially a TLP, rejected on cost , and then a tub shaped FPSO, of which we heard no more.

I hope this peculiar marine feature has not been lost in the outsourcing of the production vessel.

BP initially used Dundee as a marine supply base for Forties, because BP was a state owned company and the Labour Government of the day was influential. Dundee was highly unionised and the US contractors like Brown and Root and McDermott were anti-union, as were the US operators. Aberdeen had an airport which connected with London and a better sea passage to the north , and the unions had little influence there. There was little love lost between the two cities, and at planning committee meetings in Aberdeen Town House, you only had to say that the work would otherwise go to Dundee to get planning permission for anything!

It was indeed a 5 year flash in the plan for Dundee, and they learned nothing from the prolonged Timex strike which tarred Dundee for decades.

The legislators in Stanley have been to Aberdeen and Shetland to learn the lessons of history. Shetland scalped the oil industry through enhanced business rates for the Sullom Voe terminal to create an Oil Fund for community benefit. They will know that.

Royalty is a tax deductible expense and so it is not as severe as the headline number suggests. It will not sway any decisions about FID in my view. Deemed CGT and double taxation penalties for rotation workers are more problematical, as are higher PAYE rates for oil workers. It is these latter issues which need sorting

Garbled

21 wells will require 23 subsea trees. One each oil producer and water injector as spares. Every engineering endeavour includes spares as prudent.

Garbled = Falkland Investor on here and on Argos Lol..

You are right OHT. I think this is far preferable to the new ii. I am not sure Garbled will be happy to have a lot of economic migrants appearing in his front yard.

Dear Garbled I am not Ralph DYOR etc. 20p or �20